Euro / U.S. Dollar

Short

EURUSD: Daily Short Swing - Spiraling Down

Updated

I believe the sellers will step in around the 1.225 and 1.1295 levels. This pair is already at or near the backside of an old trendline. If the US dollar extend's its fall, then this will be a good opportunity to take a short position in an already downward spiraling channel.

Note

Looking at the dollar, it throws a reach in this EURUSD short idea.

snapshot

Looking at the Monthly Dollar, also throws a wrench in a short position of EURUSD.:

snapshot

I must look at EUR TWI indices to see some clarity.

Note

snapshot

Note

Short filled

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